Everything about 200 loan
Everything about 200 loan
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(1) The receiver's or subrecipient's procurement procedures or Procedure fails to comply with the procurement expectations in this section;
(seven) Published procedures for determining the allowability of costs in accordance with subpart E as well as conditions and terms with the Federal award.
The Federal company need to use OMB-accredited typical facts collections (for example, Investigation Efficiency Development Stories) when requesting efficiency reporting data. The Federal agency or pass-by way of entity may not gather effectiveness reports a lot more commonly than quarterly unless a certain condition is executed in accordance with § two hundred.208. For the extent practicable, the Federal company or go-by means of entity must align the owing dates of performance experiences and fiscal stories. When reporting application effectiveness, the receiver or subrecipient have to relate monetary details and project or method accomplishments towards the functionality targets and targets of your Federal award. Also, the recipient or subrecipient ought to present Charge information to reveal Price tag-powerful procedures (as an example, by means of unit Expense knowledge) when essential via the terms and conditions from the Federal award.
(one) With clear targets and targets that give meaningful outcomes and become consistent with the Federal authorizing laws of the program;
(1) The recipient or subrecipient have to be paid out beforehand, furnished it maintains or demonstrates the willingness to keep up both equally prepared processes that lessen time elapsing among the transfer of funds and disbursement by the receiver or subrecipient, and fiscal management systems that meet the benchmarks for fund control and accountability as founded in this section. Progress payments to some receiver or subrecipient need to be limited to the minimum quantities necessary and become timed with genuine, quick funds requirements of your recipient or subrecipient in carrying out the objective of the accepted plan or task.
Subpart E establishes rules for analyzing allowable charges incurred by recipients and subrecipients under Federal awards.
The Federal company or go-via entity should evaluation the ask for for spending budget or system prepare revision and may notify the recipient or subrecipient if the revisions are permitted inside thirty times of receipt of your request.
(b) Following the closeout from the Federal award, a romantic relationship established underneath the Federal award can be modified or read more resulted in complete or partly. This might only be accomplished Together with the consent with the awarding Federal company or move-through entity along with the receiver or subrecipient, delivered the responsibilities of the receiver or subrecipient referred to in paragraph (a) of this section, such as These for property administration as relevant, are thought of and provisions are created for continuing duties in the recipient or subrecipient, as proper.
(iii) The depository would need an average or minimal balance so superior that it wouldn't be possible While using the envisioned Federal and non-Federal dollars means;
(five) A necessity the subrecipient allow the pass-by entity and auditors to access the subrecipient's data and financial statements to the go-through entity to meet its checking necessities; and
(2) The final results of former audits. This features looking at if the subrecipient gets a Single Audit in accordance with subpart F and the extent to which the same or comparable subawards are already audited as A serious software;
The prior approval prerequisites to the steps described in paragraph (g) of this area are immediately waived for Federal awards that guidance analysis unless stipulated while in the Federal company's polices or conditions and terms in the Federal award.
means Value sharing specifically pledged voluntarily from the proposal's spending budget about the Portion of the recipient or subrecipient, which gets a binding need from the Federal award. See § 200.306.
The recipient and subrecipient are responsible for the oversight of your Federal award. The recipient and subrecipient must watch their pursuits less than Federal awards to make sure They are really compliant with all demands and meeting effectiveness expectations.